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Cited by 6,381

The DOI matches its OpenAlex record; 16 of the 16 references it cites were found in a registry or an index.

Time Discounting and Time Preference: A Critical Review

Shane Frederick, George F. Loewenstein, Ted O’Donoghue·2002·Journal of Economic Literature
DOI 10.1257/002205102320161311
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Abstract

This paper discusses the discounted utility (DU) model: its historical development, underlying assumptions, and "anomalies" - the empirical regularities that are inconsistent with its theoretical predictions. We then summarize the alternate theoretical formulations that have been advanced to address these anomalies. We also review three decades of empirical research on intertemporal choice, and discuss reasons for the spectacular variation in implicit discount rates across studies. Throughout the paper, we stress the importance of distinguishing time preference, per se, from many other considerations that also influence intertemporal choices.

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Registry

OpenAlex · 10.1257/002205102320161311

Cites

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Citations

Cites

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Cited by

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Metadata

Authors
Frederick, S., Loewenstein, G. F., & O’Donoghue, T.
Venue
Journal of Economic Literature
Publisher
American Economic Association
Published
2002-06-01
Volume
40
Issue
2
Pages
351-401
ISSN
0022-0515 (ISSN-L)
DOI
10.1257/002205102320161311
OpenAlex
W2145107370
Cited by
6,381
References
16
FWCI
67.15
Type
journal article
Language
en
Open access
closed

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Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.